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South Korea's largest political party, the Democratic Party, has launched a Digital Asset Committee focused on developing cryptocurrency policies and promoting industry growth. The committee held its inaugural meeting at the National Assembly Members' Hall in Seoul on May 13, as reported by Cointelegraph. During this first
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The United States and China have agreed to temporarily reduce their reciprocal tariffs to 10% for a 90-day period beginning May 14, 2025. According to Cointelegraph, this agreement marks a significant thaw in the trade war between the world's largest economies that had previously seen tariffs exceed 100%
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According to Cointelegraph, El Salvador has added 7 Bitcoin (BTC) to its national strategic reserve over the past week, bringing its total holdings to 6,173 BTC, valued at over $637 million. This acquisition continues despite a December 2024 loan agreement with the International Monetary Fund (IMF) that specifically required
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Coinbase, the largest US cryptocurrency exchange, considered adopting a Michael Saylor-like Bitcoin strategy for its treasury but ultimately decided against the approach due to risk concerns. According to Bloomberg, Coinbase CEO Brian Armstrong revealed on May 9 that the company contemplated allocating 80% of its balance sheet to Bitcoin on
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Japanese investment firm Metaplanet announced a new $21.25 million bond issue to purchase additional Bitcoin for its growing treasury. According to Cointelegraph, the company will issue "0% Ordinary Bonds" with all funds allocated exclusively for Bitcoin acquisition. This latest funding round comes just days after Metaplanet revealed
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German law enforcement agencies have seized 34 million euros ($38 million) in cryptocurrency from eXch, an exchange platform allegedly used to launder funds stolen in the record-breaking $1.4 billion Bybit hack. According to Cointelegraph, the seizure was announced on May 9 by Germany's Federal Criminal Police Office
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David Bailey, CEO of BTC Inc. and a key advisor to President Donald Trump on cryptocurrency policy, has raised $300 million to launch a publicly traded Bitcoin investment company named Nakamoto, CNBC reported on May 7, 2025. The funding includes $200 million in equity and $100 million in convertible debt,
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Latest Regulatory Development The Office of the Comptroller of the Currency (OCC) announced through interpretive letters on Wednesday that national banks can now buy and sell cryptocurrency assets on behalf of their customers. CoinDesk reports that the OCC clarified banks can also outsource crypto-related services to third parties, including custody
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Hive Digital Technologies has completed the first phase of its 100-megawatt Bitcoin mining facility in Yguazú, Paraguay, marking a major expansion of its operations in Latin America. According to Crypto.news, the announcement caused Hive Digital's shares to rise 2% in pre-market trading on April 21. The newly
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New Lending Service Targets Bitcoin Long-Term Investors Xapo Bank has introduced Bitcoin-backed loans of up to $1 million, allowing customers to access liquidity without selling their Bitcoin holdings according to an announcement made on March 18, 2025. CoinDesk The Gibraltar-based wealth manager, known for its Bitcoin custody and interest-bearing account
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Binance co-founder Changpeng "CZ" Zhao has recommended Bitcoin and BNB as the foundation for Kyrgyzstan's planned National Crypto Reserve. On May 5, Zhao shared this advice on social media following his appointment to the country's National Crypto Committee by President Sadyr Japarov . The proposal
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Florida has officially withdrawn two bills aimed at establishing a state-level strategic Bitcoin reserve, dealing a blow to cryptocurrency advocates in the state. According to CoinDesk, Florida's House Bill 487 and Senate Bill 550 have been "indefinitely postponed and withdrawn from consideration" on May 3. The
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The Global Bitcoin Policy Index (GBPI) provides the first comprehensive assessment of national regulatory frameworks for Bitcoin across 35 countries worldwide. Our analysis reveals a stark policy divide: high-performing nations like Switzerland, Singapore, and El Salvador have developed balanced frameworks that address risks while enabling innovation, while restrictive or unclear
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OKX founder and CEO Star Xu publicly defended the cryptocurrency exchange against accusations from Tron founder Justin Sun regarding the handling of a law enforcement request. According to Cointelegraph, Sun claimed OKX failed to respond to a "freeze notice" sent to its official email from a "relevant
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Governor Katie Hobbs of Arizona has vetoed a bill that would have allowed the state to invest in Bitcoin using seized funds, effectively ending the state's bid to become the first in the nation to adopt cryptocurrency in its official reserves. The legislation, Senate Bill 1025, proposed creating
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CANNES EMBRACES CRYPTOCURRENCY PAYMENTS Merchants in Cannes, France, home of the renowned Cannes Film Festival, will begin accepting cryptocurrency payments by summer 2025, with municipal officials targeting a 90% adoption rate among local businesses. According to Cointelegraph, the initiative aims to attract high-net-worth visitors by modernizing the city's